Liberalism is dead, says Russian president Vladimir Putin in Friday’s Financial Times. A populist revolt against wealthy elites, the beneficiaries of globalisation, has inspired a lurch to the right. He may claim some credit for the move.

Yet one must go back to the years before Putin’s leadership in Russia and the 1999 World Trade Organisation riots in Seattle to find the moment the antiglobalisation movement gained serious global attention. French farmer protests against McDonald’s in 2001 ignited a different populist fire. Liberal protests against fat cat corporate interests have also engendered a new political base for right-wing leaders. ..

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